- The Lafa 5's limited-time starting price is RMB 92,800 ($13,100), representing a 12.29 percent reduction from its pre-sales price.
- The company is also developing a higher-spec Ultra version of the Lafa 5, slated for launch next year.
Leapmotor (HKG: 9863) today officially launched the Lafa 5 in China, entering the electric hatchback market with competitive pricing.
The model's limited-time starting price is RMB 92,800 ($13,100), representing a reduction of RMB 13,000, or 12.29 percent, from the pre-sales starting price of RMB 105,800.
Deliveries of the Lafa 5 will commence shortly, positioning it to compete in China against models including the Volkswagen ID.3, SAIC MG4, BYD (HKG: 1211, OTCMKTS: BYDDY) Dolphin, and Nio Inc's (NYSE: NIO) Firefly EV.
The electric hatchback is often regarded as an electric counterpart to the Golf -- Volkswagen's hot-selling family sedan -- in many cases.
Leapmotor offers five variants for the Lafa 5 -- 515 Plus, 515 Pro, 515 Max, 605 Pro, and 605 Max -- with the numbers indicating CLTC range.
Official starting prices for these variants are RMB 97,800, RMB 105,800, RMB 115,800, RMB 111,800, and RMB 121,800 respectively.
The company is offering a limited-time RMB 5,000 cash discount to customers purchasing the Lafa 5 by December 31, effectively lowering the starting prices to RMB 92,800, RMB 100,800, RMB 110,800, RMB 106,800, and RMB 116,800 respectively.
Leapmotor also allows customers purchasing the model today to receive an additional RMB 2,000 discount, the same as the pre-sales offer.
The company is also developing a higher-spec Lafa 5 Ultra version, slated for release next year.
The Lafa 5 is a sporty rear-wheel-drive compact EV tuned by Stellantis' European team.
Built on Leapmotor's LEAP 3.5 architecture B platform, it measures 4,430 mm in length, 1,880 mm in width, and 1,520 mm in height, with a 2,735 mm wheelbase.
These dimensions surpass those of the Firefly EV, which measures 4,003 mm in length, 1,781 mm in width, and 1,557 mm in height, with a wheelbase of 2,615 mm.
The Lafa 5 utilizes lithium iron phosphate (LFP) batteries, offering 56.2 kWh and 67.1 kWh capacity options that deliver CLTC ranges of 515 or 605 kilometers.
It supports fast charging, reaching 80 percent charge from 30 percent in 18 or 19 minutes.
The base variant features a motor with 132 kW peak power, and can accelerate from 0 to 100 km/h in 8.7 seconds.
The other four variants are equipped with a 160-kW peak power motor, achieving 0-100 km/h acceleration in 6.4 or 6.5 seconds.
The Lafa 5 features the Leapmotor Pilot driver assistance system, with the two Max variants additionally equipped with LiDAR.
The vehicle's cockpit is powered by either the Qualcomm Snapdragon 8155P or 8295P, the latter being the current mainstream choice for premium EVs.
The launch of the Lafa 5 represents part of Leapmotor's efforts to achieve its 2026 annual sales target of one million units. The company debuted its compact electric SUV (sport utility vehicle) A10 with a 500-kilometer range on the opening day of the 2025 Guangzhou auto show on November 21.
Leapmotor will enter a new product super cycle in 2026, with 2-3 models planned for its D series alongside existing B series, Lafa 5, and C series offerings, according to previous management statements.
Leapmotor delivered 70,289 vehicles in October, marking its sixth consecutive month of record-high deliveries.
From January to October, the Stellantis NV (NYSE: STLA)-backed Chinese EV maker delivered 465,805 vehicles, representing a 120.72 percent year-on-year increase.
($1 = RMB 7.0834)
